Franklin Electric Co Inc (FELE)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 220,540 | 106,273 | 58,104 | 65,314 | 84,963 | 62,507 | 53,227 | 51,873 | 45,790 | 39,523 | 33,225 | 38,581 | 40,536 | 75,952 | 81,597 | 118,331 | 130,787 | 114,480 | 43,083 | 39,987 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 433,727 | 393,165 | 346,090 | 316,248 | 287,039 | 327,920 | 432,677 | 486,861 | 405,769 | 461,808 | 539,527 | 491,588 | 396,014 | 401,473 | 387,005 | 200,354 | 203,704 | 187,866 | 173,896 | 191,387 |
| Cash ratio | 0.51 | 0.27 | 0.17 | 0.21 | 0.30 | 0.19 | 0.12 | 0.11 | 0.11 | 0.09 | 0.06 | 0.08 | 0.10 | 0.19 | 0.21 | 0.59 | 0.64 | 0.61 | 0.25 | 0.21 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($220,540K
+ $—K)
÷ $433,727K
= 0.51
The cash ratio of Franklin Electric Co Inc has shown fluctuations over the period under consideration. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
Based on the data provided:
- The cash ratio ranged from as low as 0.06 on June 30, 2022, to as high as 0.64 on December 31, 2020.
- The ratio experienced significant variations throughout the period, indicating changes in the company's cash position relative to its short-term obligations.
- There is a noticeable decline in the cash ratio after December 31, 2020, reaching a low of 0.06 on June 30, 2022, before showing signs of recovery.
- The cash ratio increased again and peaked at 0.51 on December 31, 2024, suggesting an improvement in the company's ability to meet its short-term liabilities with available cash.
Overall, the trend in Franklin Electric Co Inc's cash ratio indicates fluctuations in the company's liquidity position over the period, with management potentially adjusting its cash holdings in response to changes in operating conditions and financial needs.
Peer comparison
Dec 31, 2024